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Press Digest – New York Times business news – June 4

June 4 – The following were the top stories in the New York Times business pages on Wednesday. * With no end in sight for elevated gas prices, General Motors Corp (GM.N: Quote, Profile, Research) announced drastic cuts in production of sport utility vehicles and pickups on Tuesday and stepped up plans for smaller cars [...]


Shopping With Credit Cards – Is It a Wise Choice?

Have you been tossing around the idea of applying for a credit card? As with any decision you make in life, and especially one that has to do with your finances, it is wise to do a little bit of research on the subject and find out all of the information you can regarding this [...]


Woman and Two Men Arrested for Using Counterfeit Credit Cards

(From left) Jany Perez, Jaider Molina and Andersson Marquez. Lakeland, Florida detectives have arrested a woman and two men Tuesday afternoon and charging them with using counterfeit credit cards to buy more than $22,000 in goods from Wal-Mart stores.Jany Perez (25), Andersson Marquez (30) and Jaider Molina(32) are being charged with grand theft and use [...]


Using Credit Cards to Make Money

Making money off a credit card can seem impossible, but this is not true. There are many ways to make money or receive discounted prices on every day purchases. This can be difficult for those who do not have the will power to say no to the purchases that are not a necessity. Those are [...]


Three out of four Americans say they aren’t saving enough

A new analysis of Americans shows that most people are not saving as much as they should at the same time people do not seem to be too concerned about it according to Pew Research Center’s Social & Demographic Trends project. Three out of four Americans say they are not saving enough, according to the [...]


Credit – How Important is it?

Everyday the television inundates us with commercial after commercial asking about your personal credit score. Is it good, bad, fair, or great? Do you know what it is? What does it really matter? Daily advertisements tell the consumer to go to one place or another to obtain free credit scores. Unfortunately, once you are lured [...]


Citi and Banamex USA launch co-branded credit card

Through an ongoing pilot program available through eight Citibank financial centers in Texas and working with Citi Microfinance and Banamex USA, Citibank customers can now grant a shared-credit card to a friend or relative in Mexico with Banamex USA’s bi-national card program. Citi said that this pilot program offers cash-back rewards, 24-hour access to accounts, [...]


Use a Meijer’s credit card and get 10 cents off a gallon of gas

Twin City drivers can save a little bit of money on their gas fill up, if they use a Meijer credit card at the store’s gas station. Starting June 1st, Meijer will cut prices 10 cents per gallon for all of their customers who use a Meijer’s store card or the Meijer Platinum MasterCard, the [...]


38 Charged in Phishing Scams

Thirty-eight people were charged yesterday with stealing names, Social Security numbers, credit card data and other personal information from Internet users as part of a global crime ring. The gang (Romanian-based) phishing scams used the internet to scam thousand of consumers and hundreds of financial institutions, according to indictments unsealed in Los Angeles and New [...]


TD Banknorth’s customers cards compromised

TD Banknorth says it has notified its New Hampshire customers that their Visa debit or credit cards have been compromised, most likely because of the Hannaford supermarkets’ security breach.Bank spokeswoman Jennifer Carlson says the bank noticed the fraud cases. She said a privacy policy prevented her from saying how many customers were involved. TD Banknorth [...]